Atlantica Yield PLC (ABY) Sees Significant Decrease in Short Interest
Atlantica Yield PLC (NASDAQ:ABY) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 942,269 shares, a drop of 24.4% from the August 15th total of 1,246,352 shares. Based on an average daily trading volume, of 345,586 shares, the short-interest ratio is presently 2.7 days. Currently, 1.6% of the company’s stock are short sold.
Several equities research analysts have recently issued reports on ABY shares. ValuEngine raised Atlantica Yield PLC from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. TheStreet raised Atlantica Yield PLC from a “d” rating to a “c-” rating in a research report on Monday, June 12th. BidaskClub downgraded Atlantica Yield PLC from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Finally, Zacks Investment Research raised Atlantica Yield PLC from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $22.80.
A number of institutional investors and hedge funds have recently made changes to their positions in ABY. Ameritas Investment Partners Inc. acquired a new position in Atlantica Yield PLC in the 1st quarter valued at about $107,000. SG Americas Securities LLC acquired a new position in Atlantica Yield PLC in the 1st quarter valued at about $119,000. Bronfman E.L. Rothschild L.P. acquired a new position in Atlantica Yield PLC in the 2nd quarter valued at about $139,000. Sei Investments Co. grew its stake in Atlantica Yield PLC by 885.9% in the 2nd quarter. Sei Investments Co. now owns 8,114 shares of the utilities provider’s stock valued at $173,000 after buying an additional 7,291 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new position in Atlantica Yield PLC in the 1st quarter valued at about $254,000. Institutional investors and hedge funds own 47.78% of the company’s stock.
Shares of Atlantica Yield PLC (NASDAQ:ABY) opened at 19.83 on Friday. Atlantica Yield PLC has a 12 month low of $16.55 and a 12 month high of $22.87. The firm has a market capitalization of $1.99 billion, a P/E ratio of 63.97 and a beta of 1.12. The stock has a 50 day moving average price of $21.03 and a 200 day moving average price of $20.78.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.04 dividend on an annualized basis and a yield of 5.27%. This is a positive change from Atlantica Yield PLC’s previous quarterly dividend of $0.25. Atlantica Yield PLC’s dividend payout ratio is 346.67%.
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About Atlantica Yield PLC
Atlantica Yield plc, formerly Abengoa Yield plc, is a total return company. The Company owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets, focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil and Uruguay) and Europe, Middle East and Africa (Spain, Algeria and South Africa).
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